The Carlyle Group to spin out Chinese real estate team

The Carlyle Group plans to spin out its China-focused real estate team as investor appetites waned for a property fund dedicated to the country, Bloomberg reported. The Washington, D.C.-based private equity firm overhauled its Asian unit by creating an integrated platform that invests in its real estate deals alongside other areas of business like buyouts, growth and currency deals. But months after Carlyle decided to narrow its China focus and parted ways with senior property […]

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